Finansbank
Encyclopedia
Founded in 1994 in Amsterdam, Credit Europe Bank N.V. has grown towards a top 10 position in the Netherlands with a total balance of Euro 10 billion as per end of 2010. The bank is under full supervision of the Dutch Central Bank, named De Nederlandsche Bank
. Credit Europe Bank is focused on trade financing as well as on retail banking. The bank's strategy is to offer easy-to-use retail banking and SME products as well as private banking through more than 200 branches and more than 11,000 sales points across nine European countries. It also offers trade finance and corporate banking services through its network in these countries, as well as in China and the United Arab Emirates.
At the end of 2010, Credit Europe Bank N.V. employed over 6,000 professionals working in the euro-zone countries Belgium, Germany, Malta and the Netherlands as well as in China, Dubai, Russia, Romania, Switzerland, Turkey and Ukraine, serving more than 3 million customers worldwide.
Credit Europe Bank N.V. is a company under Dutch Law and is owned by the FIBA Group.
. The brand 'Finansbank' was also included in the deal, leading to all branches (except the Turkish one) were renamed into Credit Europe Bank.
Although CEB NV is not listed, taken into consideration its role as a financial institution in The Netherlands, it voluntarily adheres to the principles and best practices of the Dutch Corporate Governance Code, also known as the “Code Tabaksblat”. Additionally, as banking organization, CEB NV also underwrites the Basel Committee rules on Enhancing Corporate Governance for Banking Organisations (the “Basel Rules”).
CEB NV applies a two tier board structure with a Supervisory Board and Managing Board. The Supervisory Board of CEB NV consists of 7 members, being Messrs. Maarten Hulshoff (chairman), Husnu Ozyegin, Fevzi Bozer, Onur Umut, Mehmet Gulesci, Murat Ozyegin and Hector de Beaufort. Hector de Beaufort joined the Supervisory Board on February 15, 2011, after receipt of approval from DNB.
All members of the Supervisory Board have a background and experience in banking, legal or finance. Mehmet Güleşci qualifies as financial expert as per III.3.2 of the Dutch Corporate Governance Code. Hector de Beaufort is Senior Partner with Clifford Chance in Amsterdam, specialized in the legal side of M&A transactions, corporate finance and capital markets transactions.
The members and respective functions of the managing board of CEB NV are:
Murat Basbay, Chief Exectuve Officer,
Senol Aloglu, Deputy Chief Executive Officer,
Umut Bayoglu, Chief Financial Officer,
Scott Cheung, Chief Risk Officer,
Turhan Cemal Beriker, Business Development and Strategy.
These results are claimed to be due primarily to marketing and to significant investment in human resources and IT infrastructure. Processes have allegedly been further refined to improve customer focus and speed of product delivery.
De Nederlandsche Bank
De Nederlandsche Bank is the central bank of the Netherlands. It is part of the European System of Central Banks .-History:...
. Credit Europe Bank is focused on trade financing as well as on retail banking. The bank's strategy is to offer easy-to-use retail banking and SME products as well as private banking through more than 200 branches and more than 11,000 sales points across nine European countries. It also offers trade finance and corporate banking services through its network in these countries, as well as in China and the United Arab Emirates.
At the end of 2010, Credit Europe Bank N.V. employed over 6,000 professionals working in the euro-zone countries Belgium, Germany, Malta and the Netherlands as well as in China, Dubai, Russia, Romania, Switzerland, Turkey and Ukraine, serving more than 3 million customers worldwide.
Credit Europe Bank N.V. is a company under Dutch Law and is owned by the FIBA Group.
History
The banking group was first known as Finansbank (Holland) N.V. and rebranded into Credit Europe Bank N.V. in 2007, after Finansbank AS (the Turkish branch of Finansbank and the 5th biggest bank of Turkey) was sold to the National Bank of GreeceNational Bank of Greece
The National Bank of Greece is the oldest and largest commercial banking group in Greece. The group has a particularly strong presence in Southeastern Europe and the Eastern Mediterranean...
. The brand 'Finansbank' was also included in the deal, leading to all branches (except the Turkish one) were renamed into Credit Europe Bank.
Financial Highlights
| x € million | 2010 | 2009 |
| Net Income | 102 | 51 |
| Total balance | 10,003 | 9,956 |
| Total capital adequacy ratio | 13,3% | 12.6% |
Corporate Governance
CEB NV is established as a public limited company (naamloze vennootschap) in Amsterdam. Its incorporation date is 24 February 1994. The company has registered shares and is not listed on any stock exchange. CEB NV has a full banking license in The Netherlands since 1994. The Dutch Central Bank (De Nederlandsche Bank NV) is its supervisor.Although CEB NV is not listed, taken into consideration its role as a financial institution in The Netherlands, it voluntarily adheres to the principles and best practices of the Dutch Corporate Governance Code, also known as the “Code Tabaksblat”. Additionally, as banking organization, CEB NV also underwrites the Basel Committee rules on Enhancing Corporate Governance for Banking Organisations (the “Basel Rules”).
CEB NV applies a two tier board structure with a Supervisory Board and Managing Board. The Supervisory Board of CEB NV consists of 7 members, being Messrs. Maarten Hulshoff (chairman), Husnu Ozyegin, Fevzi Bozer, Onur Umut, Mehmet Gulesci, Murat Ozyegin and Hector de Beaufort. Hector de Beaufort joined the Supervisory Board on February 15, 2011, after receipt of approval from DNB.
All members of the Supervisory Board have a background and experience in banking, legal or finance. Mehmet Güleşci qualifies as financial expert as per III.3.2 of the Dutch Corporate Governance Code. Hector de Beaufort is Senior Partner with Clifford Chance in Amsterdam, specialized in the legal side of M&A transactions, corporate finance and capital markets transactions.
The members and respective functions of the managing board of CEB NV are:
Murat Basbay, Chief Exectuve Officer,
Senol Aloglu, Deputy Chief Executive Officer,
Umut Bayoglu, Chief Financial Officer,
Scott Cheung, Chief Risk Officer,
Turhan Cemal Beriker, Business Development and Strategy.
Corporate banking and structured commodity finance
Credit Europe Bank NV's corporate banking team claims to distinguish itself in the market place through knowledge of its focus sectors: iron and steel, coal, oil and petrochemicals, marine, agri-products such as fertilizers and soft commodities. This business represents around 30% of the bank's total lending activities.Bank Relations
Specialized in offering a range of services to financial institutions, the Credit Europe Bank NV's Relations team focuses on risk analysis, global trade services (clearing) and forfaiting. Bank Relations furthermore works closely with Corporate Banking and Treasury to facilitate their activities. Bank Relations maintains correspondent relationships with more than 300 banks worldwide. The aim is to stimulate trade finance opportunities primarily in the bank's target markets. Knowledge exchange and cross-fertilization with subsidiaries working in Russia, Romania and Ukraine contributed to overall performance.Retail banking
One of Credit Europe Bank NV’s strategic aims is to rank among Europe’s top direct retail banks, by offering simple savings and lending products through direct channels. Products include daily deposits and time deposits, installment and revolving loans and loan-related insurance products. In order to compete in the highly competitive retail finance business in mature European markets, the bank consistently offers competitive conditions. This combination has proved successful, especially in 2007 and 2008, when the savings grew from portfolio.These results are claimed to be due primarily to marketing and to significant investment in human resources and IT infrastructure. Processes have allegedly been further refined to improve customer focus and speed of product delivery.